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To: henry jakala who wrote (68)4/9/1998 8:21:00 PM
From: Secret_Agent_Man  Respond to of 4761
 
henry, yes, the mm's have "discounted" the time value as it would seem that we may reach exercise prices soon, In which case, there could be some upward pressure on the warrants to bring them closer to fair value at time of call.

bg